Hungary: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Hungary

Publication Date: June 06, 2014
Electronic Access: Free Full text (PDF file size is 2,148KB).
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Summary: This 2014 Article IV Consultation highlights that Hungary’s economy has emerged from the 2012 recession and posted 1.1 percent growth in 2013, mainly driven by government investment and consumption, and also net exports. Private demand—although strengthening on the back of accommodative monetary conditions and improved market confidence—remained weak, and credit to the retail and corporate sectors continued to contract, albeit at a slowing pace. Hungary’s medium-term growth prospects remain subdued, as private consumption is still hampered by the ongoing repair of households’ balance sheets; the weak business environment continues to weigh on private investment.
Series: Country Report No. 14/155
Subject(s): Article IV consultation reports | Fiscal policy | Public debt | Fiscal consolidation | Fiscal reforms | Public enterprises | Monetary policy | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Hungary

Publication Date: June 06, 2014
ISBN/ISSN: 9781498395069/1934-7685 Format: Paper
Stock No: 1HUNEA2014001 Pages: 68
US$18.00 (Academic Rate:
US$18.00 )
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